South Korea on Monday (June 29) laid out a sweeping industrial strategy centred on semiconductors and artificial intelligence, as President Lee Jae Myung unveiled over $576 billion in investment to lock in global dominance and drive more balanced growth.
The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area.
Flanked by the chiefs of the world's two biggest memory chipmakers, Lee cast the initiative as a "great leap forward," centred on the "triple axis" of semiconductors, physical AI and data centres.
Samsung and SK Hynix will invest 800 trillion won ($518.30 billion) with suppliers to build two new chip fabrication sites each in South Korea's southwest region, industry minister Kim Jung-kwan added.
Posted by: AAngeles/NET25 News
